Greece’s annual inflation rate stood at 2.5% in Jan. compared with
Greece’s annual inflation rate stood at 2.5% in Jan. compared with the same month last year, while consumer prices fell 0.8% from December 2025, according to data released by the Hellenic Statistical Authority (ELSTAT).
On a rolling 12-month basis, the Consumer Price Index (CPI) for Feb. 2025–Jan. 2026 rose 2.5%, slightly easing from the 2.7% increase recorded in the previous comparable period, suggesting a modest slowdown in overall price growth.
Food prices remained a key driver of inflation. Beef prices surged 25.4% year-on-year, lamb rose 8.5%, and fruit prices climbed 11.8%. Chocolate products also posted a sharp increase of 20.3%. In contrast, olive oil prices dropped by roughly 30%, partly offsetting broader food inflation.
Housing costs continued to pressure household budgets, with rents rising 8.7%, while clothing and footwear became 8% more expensive. Energy-related costs moved in the opposite direction, as natural gas prices fell 25.8% and heating oil declined 9.5%, easing some winter cost pressures.
By category, prices increased most in food and non-alcoholic beverages (+4.5%), hotels, cafés and restaurants (+6.8%), education (+2.8%), and housing (+2.1%), driven mainly by higher rents and electricity costs. Transport prices rose 0.9%, reflecting higher vehicle and air travel costs,
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